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  • 1
    UID:
    gbv_845948253
    Format: Online-Ressource (95 p)
    Edition: Online-Ausg.
    ISBN: 1484308255 , 9781484308257
    Series Statement: IMF Staff Country Reports Country Report No. 14/57
    Content: KEY ISSUES Context: The tightening of global liquidity has increased external pressures and heightened the focus on India’s macroeconomic imbalances (high inflation, large current account and fiscal deficits) and structural weaknesses (particularly supply bottlenecks in infrastructure, power and mining). Outlook and risks: Growth is expected to slow to 4.6 percent this fiscal year, the lowest level in a decade, reflecting global developments and domestic supply constraints. Headline CPI inflation is expected to remain near double digits for the remainder of the fiscal year. The current account deficit is narrowing, driven by a significant improvement in exports, robust remittances flows, and a rapid diminution of gold imports. Nonetheless, India has very little room to adopt countercyclical policies, constrained by persistently-high inflation, and sizeable fiscal and external imbalances. Spillovers from renewed external pressures interacting with domestic vulnerabilities are the principal risks. Key policy recommendations: • High and persistent inflation is a key macroeconomic challenge facing India. Further increases in the policy rate will be necessary to tackle high inflation and inflation expectations. • If external pressures from global financial market volatility resume, rupee flexibility should be the first line of defense, complimented by use of reserves, increases in short-term interest rates, actions on the fiscal front, and further easing of constraints on capital inflows. • Further fiscal consolidation is needed. Tax and subsidy reforms will be required to durably lower fiscal imbalances. • Enhanced financial sector supervision, better monitoring of banks’ credit quality, and improved information on corporate vulnerabilities will be needed as a basis for tackling rising corporate and financial sector strains. • Addressing supply bottlenecks and structural challenges—particularly in the agriculture and power sectors, and in the pricing and allocation of natural resources (including coal, natural gas, and fertilizers)—will be essential to achieve faster growth, job creation and poverty reduction
    Additional Edition: Erscheint auch als Druck-Ausgabe India: Staff Report for 2014 Article IV Consultation Washington, D.C. : International Monetary Fund, 2014 ISBN 9781484308257
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
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  • 2
    Online Resource
    Online Resource
    Washington, D.C. :International Monetary Fund,
    UID:
    edoccha_9958071428602883
    Format: 1 online resource (96 p.)
    ISBN: 1-4843-0877-8 , 1-4843-0845-X , 1-4843-0889-1
    Series Statement: IMF Staff Country Reports
    Content: This 2014 Article IV consultation highlights an expected slowdown of growth in India, to 4.6 percent this fiscal year, the lowest in a decade, reflecting global developments and domestic supply constraints. Headline consumer price index inflation is expected to remain near double digits for the remainder of the fiscal year. The current account deficit is narrowing, driven by a significant improvement in exports, robust remittance flows, and a rapid decline in gold imports. Nonetheless, India has very little room to adopt countercyclical policies. It is constrained by persistently high inflation and sizable fiscal and external imbalances. High and persistent inflation is a key macroeconomic challenge facing India. Further increases in the policy rate will be necessary to tackle high inflation and inflation expectations.
    Note: Description based upon print version of record. , Cover; CONTENTS; CONTEXT; OUTLOOK AND RISKS; POLICY PRIORITIES; A. Monetary Policy; B. Addressing External Vulnerabilities; C. Fiscal Policy; D. Financial and Corporate Sector Issues; E. Structural Policies to Boost Growth; STAFF APPRAISAL; BOXES; 1. Debt, Inflation, and Growth; 2. Financial Sector Legislative Reform Commission; 3. Aadhaar: India's Unique Identification Number; 4. Food Security Act: Fiscal Implications; 5. The Potential Capital Needs of India's Commercial Banking Sector; FIGURES; 1. Growth and Activity; 2. Recent Developments: International Perspective , 3. External Vulnerabilities4. Financial Markets; 5. Monetary Developments; 6. Fiscal Sector Developments; 7. Corporate and Banking Sectors; 8. Business Environment and Governance; TABLES; 1. Millennium Development Goals, 1990-2012; 2. Selected Economic Indicators, 2009/10-2014/15; 3. Balance of Payments, 2009/10-2014/15; 4. Reserve Money and Monetary Survey, 2009/10-2013/14; 5. Central Government Operations, 2009/10-2014/15; 6. General Government Operations, 2009/10-2014/15; 7. Macroeconomic Framework, 2009/10-2018/19; 8. Indicators of Financial System Soundness, 2005/06-2012/13 , 9. Indicators of External Vulnerability, 2008/09-2012/13ANNEXES; I. Key Measures Adopted in 2013/14; II. India FSAP Main Recommendations and Risks: November 2013 Update; III. Risk Assessment Matrix; IV. Policy Responses of Emerging Markets (EMs) to Talk of Tapering; V. India's External Sector Assessment; VI. Public and External Debt Sustainability Analysis; CONTENTS; FUND RELATIONS; RELATIONS WITH THE WORLD BANK GROUP; RELATIONS WITH THE ASIAN DEVELOPMENT BANK; STATISTICAL ISSUES , English
    Additional Edition: ISBN 1-4843-0825-5
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
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  • 3
    Online Resource
    Online Resource
    Washington, D.C. :International Monetary Fund,
    UID:
    edocfu_9958071428602883
    Format: 1 online resource (96 p.)
    ISBN: 1-4843-0877-8 , 1-4843-0845-X , 1-4843-0889-1
    Series Statement: IMF Staff Country Reports
    Content: This 2014 Article IV consultation highlights an expected slowdown of growth in India, to 4.6 percent this fiscal year, the lowest in a decade, reflecting global developments and domestic supply constraints. Headline consumer price index inflation is expected to remain near double digits for the remainder of the fiscal year. The current account deficit is narrowing, driven by a significant improvement in exports, robust remittance flows, and a rapid decline in gold imports. Nonetheless, India has very little room to adopt countercyclical policies. It is constrained by persistently high inflation and sizable fiscal and external imbalances. High and persistent inflation is a key macroeconomic challenge facing India. Further increases in the policy rate will be necessary to tackle high inflation and inflation expectations.
    Note: Description based upon print version of record. , Cover; CONTENTS; CONTEXT; OUTLOOK AND RISKS; POLICY PRIORITIES; A. Monetary Policy; B. Addressing External Vulnerabilities; C. Fiscal Policy; D. Financial and Corporate Sector Issues; E. Structural Policies to Boost Growth; STAFF APPRAISAL; BOXES; 1. Debt, Inflation, and Growth; 2. Financial Sector Legislative Reform Commission; 3. Aadhaar: India's Unique Identification Number; 4. Food Security Act: Fiscal Implications; 5. The Potential Capital Needs of India's Commercial Banking Sector; FIGURES; 1. Growth and Activity; 2. Recent Developments: International Perspective , 3. External Vulnerabilities4. Financial Markets; 5. Monetary Developments; 6. Fiscal Sector Developments; 7. Corporate and Banking Sectors; 8. Business Environment and Governance; TABLES; 1. Millennium Development Goals, 1990-2012; 2. Selected Economic Indicators, 2009/10-2014/15; 3. Balance of Payments, 2009/10-2014/15; 4. Reserve Money and Monetary Survey, 2009/10-2013/14; 5. Central Government Operations, 2009/10-2014/15; 6. General Government Operations, 2009/10-2014/15; 7. Macroeconomic Framework, 2009/10-2018/19; 8. Indicators of Financial System Soundness, 2005/06-2012/13 , 9. Indicators of External Vulnerability, 2008/09-2012/13ANNEXES; I. Key Measures Adopted in 2013/14; II. India FSAP Main Recommendations and Risks: November 2013 Update; III. Risk Assessment Matrix; IV. Policy Responses of Emerging Markets (EMs) to Talk of Tapering; V. India's External Sector Assessment; VI. Public and External Debt Sustainability Analysis; CONTENTS; FUND RELATIONS; RELATIONS WITH THE WORLD BANK GROUP; RELATIONS WITH THE ASIAN DEVELOPMENT BANK; STATISTICAL ISSUES , English
    Additional Edition: ISBN 1-4843-0825-5
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
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